A vacant seven-story building at 37-19 Crescent Street was purchased by Tuck-It-Away for $6.1 million, where the storage company will run its first Queens facility, The Commercial Observer has learned.

Located between 37th and 38th avenues and just 5 blocks north of the Queensboro Bridge in Long Island city, the 47,000–square-foot, seven-story building, which sits on an 83’ by 105’ lot, will be well-positioned as a storage facility in a neighborhood experiencing significant residential and commercial real estate growth.

“It was a deal where the needs of the buyer and seller aligned perfectly,” said Alan Shmaruk of Soho-based The Manhattes Group, who represented the buyer and seller along with Michael Sherman. “Long Island City is developing at such a fast rate, so there’s a need for storage facilities to support the additional residential product that’s coming into the neighborhood.”
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